March Book/Bill 1.45 & Targets Raised LRCX
Book to Bill Article Below
Princeton, New Jersey, March 20 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was rated new 'top pick' in new coverage by analyst Milind Bedekar at Donaldson Lufkin & Jenrette Securities.
Princeton, New Jersey, April 19 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was reiterated 'buy' by analyst Brett A Hodess at Banc of America Securities. The 12-month target price is $65.00 per share. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2000 1.29 1.32
Princeton, New Jersey, April 19 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was reiterated 'strong buy' by analyst Theodore O'Neill at Needham & Co. The price target was raised to $71 from $65 per share.
Princeton, New Jersey, April 12 (Bloomberg Data) -- LAM Research Corp. (LRCX US) was rated new 'buy' in new coverage by analyst Glen Yeung at Salomon Smith Barney. The price target is $69.00 per share.
Princeton, New Jersey, April 11 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was maintained 'buy' by analyst Robert Maire at Bear, Stearns & Co. The price target was raised to $65 from $55.
Princeton, New Jersey, April 11 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was maintained 'strong buy' by analyst Jay Deahna at Morgan Stanley Dean Witter. The price target was raised to $65 from $57.
Princeton, New Jersey, April 6 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was reiterated 'strong buy' by analyst Michael O'Brien at Wit SoundView. The price target was raised to $75 from $58 per share.
Princeton, New Jersey, April 12 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was reiterated 'strong buy' by analyst Susan H. Billat at Robertson Stephens.
Princeton, New Jersey, April 11 (Bloomberg Data) -- Lam Research Corp. (LRCX US) was reiterated 'buy' by analyst David Wu at ABN Amro.
U.S. Semiconductor Equipment March Book-to-Bill Ratio Rises
4/20/00 7:49:00 PM
Source: Bloomberg News
Mountain View, California, April 20 (Bloomberg) -- The Semiconductor Equipment and Materials International book-to-bill ratio, which gauges demand for chip-equipment tools made in the U.S., rose for a sixth month to 1.45 in March.
A ratio of 1.45 means that U.S. semiconductor-equipment makers took in $145 of orders for every $100 of shipments. A ratio above 1 indicates a growing market. Semiconductor Equipment and Materials International, or SEMI, an international trade association, revised February's ratio to 1.44 from 1.41.
The six straight months of increases indicate that the chip- equipment industry is continuing to recover from a decrease in 1998. February statistics from other countries show that orders are increasing outside the U.S. as well, especially in Taiwan and Europe, SEMI said.
Average monthly orders, or bookings, rose 7 percent in March to a record $2.45 billion from February's revised $2.29 billion.
Billed sales rose 5.6 percent to $1.69 billion from February's revised $1.6 billion and 79 percent from the $944 million in sales billed a year earlier.
Applied Materials Inc., Lam Research Corp., Novellus Systems Inc. and KLA-Tencor Corp. are the largest makers of equipment used to manufacture chips. Teradyne Inc., another big chip-equipment company, makes semiconductor-testing equipment. |
